Fourth industrial revolution

Large enterprises taking initial steps According to Executive Chairman of the World Economic Forum Klaus Schwab, the fourth industrial revolution is a digital revolution characterised by a fusion of technologies that blur the line between the physical, digital, and biological spheres. He says there are several reasons why these transformations are not merely a prolongation of the third industrial revolution but rather the arrival of a fourth and distinctly new one: velocity, scope, and systems impact. The speed of current breakthroughs has no historical precedent. When compared with previous industrial revolutions, the fourth is evolving at an exponential rather than a linear pace. Moreover, it will affect almost every industry in every country. Furthermore, the breadth and depth of these changes herald the transformation of entire systems of production, management and governance. As such, many experts have warned that besides its wide-ranging positive impacts, the fourth industrial … [Read more...] about Assisting enterprises to seize benefits of fourth industrial revolution

Accordingly, the PM tasked ministers and ministerial-level leaders, provincial and municipal chairpersons to fulfill solutions and tasks by 2020. Specifically, the Government chief asked for solutions to make breakthroughs in infrastructure, IT application and manpower improvement; develop digital connectivity infrastructure; ensure network safety; create equal conditions for both citizens and businesses to access and develop digital contents. Ministries and agencies were asked to promptly develop e-Government; review and remove inappropriate business conditions; amend management regulations on exports and imports towards less administrative procedures. They were assigned to review strategies and action plans in accordance with the development trend of the fourth industrial revolution; build strategies for digital transformation, smart administration, prioritize digital technology industry, smart agriculture, tourism, and urban areas; review and select key products and national … [Read more...] about Enhancing access to fourth industrial revolution

Viet Nam News HÀ NỘI - The fourth industrial revolution which developed science and technology created a great opportunity for Việt Nam but also posed an immense threat to cyber security, heard a security conference. This was important especially in the context of increasing and more complex cyber attacks. The Department of Cyber Security (Ministry of Public Security) and Authority of Information Security (Ministry of Information and Communications) co-ordinated with IDG Việt Nam to organise the Security World 2017 with the theme "Information and Cyber Security in the fourth industrial evolution" on Tuesday. Organised since 2007, this is the 11th time the national security conference and exhibition is taking place in Việt Nam. According to the Việt Nam Computer Emergency Response Team (VNCERT), more than 134,000 cyber security incidents occurred last year, four times higher than that of 2015. The result showed that network attacks and criminals using information technology and … [Read more...] about Cyber security in fourth industrial revolution urged

There are three main challenges that small and medium-sized enterprises in Viet Nam face with the advent of the fourth industrial revolution, a senior member of the US-ASEAN Business Council has said.They are greater access to domestic and international markets to be a part of the global supply chain, access to technology and information communication tools, and access to finance, Michael Michalak, senior vice president of the council, told a workshop in HCM City yesterday.The workshop, organised by the Viet Nam Chamber of Commerce and Industry (VCCI) and the council, was meant to be a platform for SMEs, business groups and organisations to discuss opportunities and challenges for small firms in Viet Nam.Tran Vinh Tuyen, deputy chairman of the HCM City People’s Committee, said though SMEs are the backbone of Viet Nam’s economy — with around 97 per cent of Vietnamese firms being small or medium-sized — they still face many challenges with respect to management, … [Read more...] about Fourth industrial revolution challenges SMEs

The core of the Fourth Industrial Revolution is “smart manufacturing plants”. However, Vietnamese enterprises are not fully prepared to access the revolution, Deputy Minister of Industry and Trade (MoIT) Cao Quoc Hung has said.
Digital enterprise – on the way to Industry 4.0 discusses emerging challenges and opportunities generated by the megatrend of digitalisation.
At the business conference “Digital enterprise – on the way to Industry 4.0,” held in Ha Noi on Thursday, Hung said together with the foundation of rapid development and high-level integration of science achievements and modern technologies in sectors of digitalisation, bio-technology and physics, the Fourth Industrial Revolution is expected to remarkably change the appearance of manufacturing of the world and Viet Nam in the near future.
“Besides this, this model will help enterprises increase their … [Read more...] about Local firms not well prepared for Fourth Industrial Revolution